could we see a market shift?

In West Vancouver, there were 63 sales in the month of May. The sales to new listings ratio was 31% which represents a buyer’s market. For May 2017 the sales to total active listings percentage was 14%, a decrease from 27% in May 2016. Sales for May 2017 were down by 39 units compared to May 2016.

The West Vancouver listing inventory has increased by 46 homes compared to April 2017 and increased by 87 homes compared to May 2016. The average price year-to-date (YTD) is down 2% compared to May 2016 and is down $10,018 compared to April 2017. The West Vancouver median price decreased by $235,000 from April 2017 to May 2017 ($3,460,000 to $3,225,000).

In North Vancouver, there were 139 sales in the month of May. The sales to new listings ratio was 51% which represents a seller’s market. For May 2017 the sales to total active listings percentage was 44%, a decrease from 64% in May 2016. Sales for May 2017 were up by 2 units compared to May 2016.

The North Vancouver listing inventory has increased by 60 homes compared to April 2017 and increased by 99 homes compared to May 2016. The average price year-to-date (YTD) is up 5% compared to May 2016 and is up by $8,187 compared to April 2017. The North Vancouver median price decreased by $211,000 from April 2017 to May 2017 ($1,900,000 to $1,689,000).

This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy - Listing data updated on December 19, 2018.